AI is helping to make resale more efficient. The big problem with resale is the number of stock-keeping units and the fact the offer is not uniform. AI can help with inputting and with search.
In its October earnings call, Ebay CEO Jamie Iannone said that AI-enhanced listings have generated several billion dollars of cumulative gross merchandise volume on the platform.
The hope is that more and better inventory, coupled with lower costs of doing business, will overcome the profit hurdle. This shift may encourage firsthand spenders to invest in higher quality goods.
Recent advances in AI are contributing to signs of traction in the space. They're making it easier for platforms and customers to sell, list and find items.
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